The Block(@TheBlockCo):THE BLOCK: The U.S. Court of Appeals for the Sixth Circuit ruled against Kalshi in its fight with Ohio and Tennessee over sports-event contracts. The court found that Kalshi failed to show the contracts qualify as "swaps" under the Commodity Exchange Act and, even if they did, the CEA does not preempt state gambling laws.

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The Block@TheBlockCo

2026.09.25 20:25

THE BLOCK: The U.S. Court of Appeals for the Sixth Circuit ruled against Kalshi in its fight with Ohio and Tennessee over sports-event contracts. The court found that Kalshi failed to show the contracts qualify as "swaps" under the Commodity Exchange Act and, even if they did, the CEA does not preempt state gambling laws.